Green light for small business in Poland continues

Posted on December 30, 2016 by admin

The legal and fiscal reality of the functioning of small companies in Poland is still stable and friendly. After the Polish government backed out of the plans to introduce a unified income tax, in 2017 entrepreneurs will obliged to consider only fragmentary changes. For many of them such turn of the events is a reason for an understandable sigh of relief. The revolutionary changes were at first glance regarded as causing certain threat to the entrepreneurs and for some of them a reason Read more

Commercial representation in 2016

Posted on December 29, 2016 by admin

2016 saw a big change in terms of company representation regulations. The Ministry of Finance provided amendments to the Tax Ordinance Act regulating the rules of granting powers of attorney. The Ministry created Central Register of General Powers of Attorney. The Head of Tax Office in Wieluń was presented the task of managing the register. A power of attorney is a very useful document for any business owner. It is an authorisation for a person of our choice to act on our behalf. The a Read more

Office space market in Warsaw one of the biggest in Europe

Posted on December 28, 2016 by admin

In 2016, Warsaw office market exceeded 5 million square metres of space and in effect became one of the top most developed office markets in Europe. In this distinguished group, there are the capitals of such European countries as Spain, Denmark, Ireland, and the Netherlands. Investors from around the world have been coming to Warsaw for several years at least. It is a city which has more and more to offer in terms of developing international business relations. The immense potential of Read more

No changes to Polish tax system in 2017

Posted on December 28, 2016 by admin

Polish Prime Minister has just informed about stopping the process of modifying Polish fiscal system, strongly ensuring that in 2017 it will keep functioning unchanged. In practice, the statement is a very important signal, especially in view of the recently appearing numerous not entirely clear for the public, information about an upcoming revolution. Prime Minister Beata Szydło decided to convey a clear message right after Deputy Prime Minister Mateusz Morawiecki announced the decisi Read more

Bank accounts in Poland gathered in a database

Posted on December 26, 2016 by admin

The Ministry of Finance announced it is working on Central Account Database that is to gather information on all bank account holders in the country. The intention is to enable easy access to financial information for various public institutions. The move will help fighting white collar crime and target criminals. The new regulations will apply not only to banks, but other financial institutions as well. On the list of entities subject to the upcoming bill will be savings and credit uni Read more

Big acquisition on the Polish bank market

Posted on December 25, 2016 by admin

Polish banking sector has seen some big changes this year. Not long ago, BNP Paribas finished its merger with BGŻ. Alior made a deal with Bank BPH and took over a large part of its assets. But the biggest event of all in terms of mergers and acquisitions in Poland in 2016 will be the purchase of Bank Pekao shares by the state-owned PZU. Bank Pekao is one of the biggest financial institutions in Poland and a strong brand recognizable by a vast majority Poles. It has assets in the amount Read more

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